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Fostering local economic development in urban neighbourhoods: Results of an empirical assessment

  • Uwe Neumann

    ()

  • Christoph M Schmidt
  • Lutz Trettin

While it is intuitively convincing that neighbourhood characteristics add up to an important location factor, knowledge about the benefits that individual firms and entrepreneurs can draw from neighbourhood-oriented policy is still limited. This article contributes to the discussion by highlighting the results of an evaluation study of neighbourhood-oriented economic policy in Germany. It reviews the policy rationale and analyses the strategies, progress and results of selected measures supported by the Socially Integrative City programme of North Rhine-Westphalia. It focuses on the relevance of the neighbourhood context in connection with two strategy goals: (1) reduction of vacancies in local retail property, and (2) supporting business start-ups and local business networks. The analysis provides evidence for a number of aspects of the local business environment, which can play an important role for the performance of small firms and should, therefore, be a central focus of neighbourhood-oriented economic policy.

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File URL: http://lec.sagepub.com/content/26/1/18.abstract
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Article provided by London South Bank University in its journal Local Economy: The Journal of the Local Economy Policy Unit.

Volume (Year): 26 (2011)
Issue (Month): 1 (February)
Pages: 18-29

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Handle: RePEc:sae:loceco:v:26:y:2011:i:1:p:18-29
Contact details of provider: Web page: http://www.lsbu.ac.uk/index.shtml

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